Retail

Signet Jewelers Loses Its Luster; Plans To Close Some 400 Stores
June 09, 2020

Signet Jewelers, the parent company of some of the best-known jewelry chains — including Kay Jewelers, Zales and Jared — plans to permanently close nearly 400 stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Retailer Bankruptcies Shine A Light on Gift Cards And ‘Breakage Income’
June 09, 2020

Gift cards may be the gift that keeps on giving — not just for the recipients, but also for the companies that issue them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
25K Store Closures Forecast Amid Pandemic
June 09, 2020

As many as 25,000 stores could close by year’s end, most of them in malls, as part of the fallout from COVID-19, a new survey reveals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Neiman Marcus May Shutter Key Manhattan Store
June 09, 2020

How the mighty have fallen — on hard times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Retail
Time Is Now To Use Bankrupt Stores’ Gift Cards
June 09, 2020

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Will Americans Return To Salons After Doing Their Hair At Home During The Pandemic?
June 09, 2020

When the pandemic hit and shut down hair salons along with other businesses nationwide, the effect on personal aesthetics started out as something of a joke. TV personality Kelly Ripa began tracking the progress of her gray roots growing out, celebrities began serving up their makeup-free selfies and people shaved...

Retail
Lumen Aims To Boost Weight Loss Through Metabolism Measurements
June 09, 2020

This year, about 45 million Americans will go on some kind of weight loss diet, and they’ll spend $33 billion doing it. However, very few of them will get to the core of how and why they became overweight in the first place. One of...

Retail
eCommerce Marketplace Bids.com Raises More Than $1.7M
June 09, 2020

eCommerce marketplace Bids.com notched more than $1.7 million in funding, exceeding its initial funding goal of $1 million for a first-round valuation of $10 million, according to an announcement. The company said it is gearing up for its second round of financing that “currently values...

Retail
Reopened Macy’s Stores Exceed Expectations, But Chain Still Expects Big 1Q Losses
June 09, 2020

Macy’s Inc. reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. The department store retailer said it had roughly 450 retail locations reopened by June 1, with many opened in their complete format, and that curbside pickup...